3D Systems to Divest Two Software Platforms in Deal With Hubb Global

MT Newswires Live

09/29

3D Systems (DDD) said Monday that it has agreed to sell its software platforms designed for broad industry adoption across all printer manufacturers, which include its Oqton Manufacturing Operating System and 3DXpert metal printing platforms, to Hubb Global.

Financial terms were not disclosed.

The deal is expected to close in Q4.

The sale is part of 3D Systems' strategy to focus development efforts on its proprietary polymer solution, 3D Sprint, following a comprehensive strategic review of its platforms, the company said.

Shares of 3D Systems were up 5.5% in recent premarket activity.

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